2.2a Decision Making Flashcards
1
Q
Scientific decision making definition
A
Decision making involving using a systematic process based on data
2
Q
Advantages of scientific decision making
A
- Risk is reduced
- Actions can be reviewed
- Bias, hunches and subjectivity are eliminated
3
Q
Disadvantages of scientific decision making
A
- Slow process
- Lacks creativity
- Stifles innovation
4
Q
Decision making based on intuition meaning
A
Decision making involving individuals making decisions on the basis of an instinct
5
Q
Advantages of decision making based on intuition
A
Quick decisions
6
Q
Disadvantages of decision making based on intuition
A
- Employees may not agree
- Increased risk
- Biased
7
Q
What factors must be thought about when choosing a method of decision making?
A
- Speed of decision
- Information available
- Size of business
- Predictability of situation
